Duolingo (NASDAQ:DUOL) Given New $300.00 Price Target at Needham & Company LLC

Duolingo (NASDAQ:DUOL) had its price objective decreased by Needham & Company LLC from $460.00 to $300.00 in a report issued on Thursday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on DUOL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a report on Wednesday, October 8th. UBS Group decreased their price target on Duolingo from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. JPMorgan Chase & Co. cut their price objective on shares of Duolingo from $515.00 to $465.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Citizens Jmp decreased their target price on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $340.53.

Duolingo Stock Performance

NASDAQ DUOL traded up $7.47 during trading on Thursday, reaching $201.21. The company’s stock had a trading volume of 4,329,856 shares, compared to its average volume of 1,254,704. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.71 and a beta of 0.83. Duolingo has a 12 month low of $182.00 and a 12 month high of $544.93. The firm has a 50 day moving average price of $299.69 and a 200 day moving average price of $377.44.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a net margin of 40.03% and a return on equity of 15.61%. The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. Duolingo has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that Duolingo will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 3,283 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the sale, the insider owned 72 shares in the company, valued at $20,803.68. This represents a 99.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 83,791 shares of company stock worth $25,649,401. Corporate insiders own 15.67% of the company’s stock.

Hedge Funds Weigh In On Duolingo

Several large investors have recently modified their holdings of DUOL. Bryce Point Capital LLC acquired a new position in Duolingo in the second quarter valued at approximately $946,000. Jefferies Financial Group Inc. acquired a new position in shares of Duolingo during the 1st quarter valued at $3,772,000. Hsbc Holdings PLC boosted its stake in Duolingo by 39.0% during the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock worth $995,000 after acquiring an additional 894 shares in the last quarter. Encompass More Asset Management bought a new position in Duolingo during the first quarter worth $762,000. Finally, Asset Management One Co. Ltd. acquired a new stake in Duolingo in the second quarter worth $1,409,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.